Monday, 22 October 2012

Obama And Romney Both Favor A One World Economic System That Kills American Jobs

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Either way this election turns out, American jobs are going to
continue to get slaughtered by the millions. During this campaign, Mitt
Romney and Barack Obama have both attempted to portray each other as
the "outsourcer in chief".
Unfortunately, they are both right. Barack Obama and Mitt Romney have
both participated in the outsourcing of American jobs, and both are
openly admitting to the American people that they favor the emerging one
world economic system which will continue to destroy millions of
American jobs. In fact, they argue with each other about which of them
will be more aggressive in pursuing more "free trade" agreements over
the next four years. Unfortunately, the "free trade" agreements that
the U.S. government enters into are never "fair trade" agreements. As a
result, over the past decade we have lost tens of thousands of
businesses, millions of jobs and trillions of dollars of national
wealth. This year alone, we will buy about half a trillion dollars more
stuff from the rest of the world than they will buy from us. This
trade deficit will be about 7 times larger than the trade deficit of any
other nation on earth. Our economy will continue to bleed jobs at a
horrifying pace, but Obama and Romney insist that the answer to our
problems is even more "free trade". What makes all of this even more
dreadful is that most Americans continue to fall for this nonsense.

It doesn't take a genius to figure out that merging our labor pool
with the labor pools of nations where it is legal to pay slave labor
wages was going to kill American jobs and drive down wages for the jobs
that remain in the United States.

Why should some giant predator corporation pay you 15 dollars an hour
plus benefits when they can pay a worker on the other side of the
planet a dollar an hour with no benefits to do the same job?

During the second presidential debate, when Obama was asked why high
tech products such as the iPhone could not be made here in the United
States, Obama openly admitted that there are some jobs that aren't ever going to come back.

But why does that have to be so?

Why can't those jobs come back to America?

It seems to me that if you cracked down on nations that are cheating
such as China, imposed a system of common sense tariffs and cut the
corporate tax rate to a level more consistent with the rest of the world
that you could get a lot of those jobs flooding back in by the end of
next year.

But Obama is so blinded by his faith in the emerging one world economy that such measures are unimaginable to him.

In recent years, the Obama administration has entered into new "free
trade" agreements with Panama, South Korea and Colombia. In addition,
the Obama administration is making the Trans-Pacific Partnership ("the NAFTA of the Pacific") a very high priority.

Considering what a nightmare the first NAFTA was, do we really need another one?

The Trans-Pacific Partnership is a treaty that would essentially ban all "Buy American" laws.
It is being touted as one of the most comprehensive "free trade"
agreements in history, and it would open up the door for millions more
good jobs to be shipped out of the country.

The workers of America simply cannot afford another four years of Barack Obama.

In fact, the Obama administration has actually spent billions of taxpayer dollars to create jobs in other countries. The following is from a pro-Republican website...

Over his four years in office, Obama promised that he
would focus on creating "jobs that pay well and can't be outsourced."
However, as he racked up trillions in new debt, billions of dollars did
go to create jobs that were outsourced or spent overseas. Whether it is
electric cars made in Finland or solar panels in Mexico, taxpayers would
be astonished to learn that their hard earned money went abroad for
jobs that weren't created in the United States.

You can get all the details right here. Needless to say, the Obama administration has been an absolute disaster on these issues.

So would Romney be an improvement when it comes to trade?
That is very doubtful.

The truth is that Mitt Romney was involved in outsourcing jobs while
he was at Bain Capital. The following is from a recent article posted on Forbes.com...

David Corn of Mother Jones reports that “according to
government documents . . . Romney, when he was in charge of Bain
[Capital], invested heavily in a Chinese manufacturing company that
depended on US outsourcing for its profits—and that explicitly stated
that such outsourcing was crucial to its success.”This didn’t happen after 1999, when Mitt Romney says he left Bain
Capital to run the Salt Lake City Olympics (Corn was one of the first
reporters to raise questions, now gaining wide exposure, of whether
Romney really left Bain then), but the year before. On April 17, 1998,
Brookside Capital Partners Fund, a Bain Capital affiliate of which
Romney was the sole shareholder, sole director, president, and chief
executive, invested an estimated $14.2 million in Global-Tech, an
appliance maker in Dongguan, China. Global-Tech made products for
American companies like Sunbeam, Hamilton Beach, Mr. Coffee, and
Proctor-Silex. In September 1998 Global-Tech’s CEO announced that the
company was postponing a factory expansion because Sunbeam was slowing
its rate of outsourcing, and said, “Although it appears that customers
such as Sunbeam are not outsourcing their manufacturing as quickly as we
had anticipated, we still believe that the long-term trend toward
outsourcing will continue.”

Since Romney left, Bain Capital has become even more aggressive with
outsourcing jobs. In fact, Bain Capital has been forcing American
workers to train their Chinese replacements even in the midst of this
campaign. Aren't they concerned that they are making their former boss
look bad? The following is from an article written by an American worker that is having his job shipped to China by Bain Capital...

On Monday, November 5th Bain Capital is outsourcing
my job to China. On Tuesday, November 6th I'm casting my vote against
Mitt Romney.Yes, I blame Mitt Romney for the loss of my job. Here's why.I've worked at the same factory in Freeport, Ill. for
thirty-three years, making sensors and controls for the auto industry.
It's tough work, but it pays a living wage with health benefits that
folks can count on, and it fuels our town's economy and tax base.That's been changing since Bain Capital came to town. Two years
ago, our factory was sold to Sensata Technologies, a company created by
Bain Capital, and they told us that by December 2012, all 170 of our
jobs would be shipped to China. They even made us train our Chinese
replacements.Layoff notices have been sent out, and some folks have already
been laid off. Where there was once lots of people and energy and life,
now there's only the discoloration on the floor where the machinery used
to be. It's depressing. They're not just dismantling the equipment and
the plant; they're dismantling our community.

All of this outsourcing is killing America.

Back in 1950, the population of this country was less than half of
what it is now, and yet there were more Americans working in
manufacturing back in 1950 than there are today.

The decline in manufacturing jobs in the United States has been really dramatic since the year 2000.
In 2000, there were more than 17 million Americans working in manufacturing, but now there are less than 12 million...

I think that it is interesting to note that China joined the WTO in
2001. Since that time we have been losing jobs to them at an astounding
pace. According to a new report by the Economic Policy Institute, U.S. trade with China "cost more than 2.7 million jobs between 2001 and 2011".

The Chinese slap huge tariffs on many of our goods, they manipulate
currency rates to make sure that U.S. companies cannot compete, they
steal our intellectual property and they deeply subsidize their own
businesses.

And yet Obama and Romney insist that this is "free trade".
What a joke.

And our tax structure is absolutely killing us as well. The following is from a recent article by Ernest F. Hollings...

A U.S. manufacturer exporting to China pays the 35%
Corporate Tax and a 17% VAT when its exports reach Shanghai. A China
manufacturer exports tax free to the U.S.

Are you starting to get the picture?

Our trade policy is a complete and total disaster, and yet Obama and
Romney continue to insist that we just need to become even more
integrated with the emerging one world economic system.
Well, in a previous article I listed 22 statistics which prove that the current path that we are on has been absolutely disastrous for American workers...

#1 One professor has estimated that cutting the U.S. trade deficit in half would create 5 million more jobs in the United States.#2 The United States has a trade imbalance that is more than 7 times larger than any other nation on earth has.#3 Overall, the United States has run a trade
deficit of more than 8 trillion dollars with the rest of the globe since
1975. That 8 trillion dollars could have gone to support U.S.
businesses and pay the wages of U.S. workers. Federal, state and local
taxes would have been paid on that 8 trillion dollars if it had stayed
in the United States. #4 When NAFTA was passed in 1993, the United States
had a trade surplus with Mexico of 1.6 billion dollars. In 2010, we had
a trade deficit with Mexico of 61.6 billion dollars. #5 In 2001, American consumers spent 102 billion dollars on products made in China. In 2011, American consumers spent 399 billion dollars on products made in China. #6 The Chinese undervalue their currency by about 40
percent in order to gain a critical advantage over foreign
competitors. This means that many Chinese companies are able to
absolutely thrive while their competition in the United States goes out
of business. The following is from a recent Fox News article....

To keep Chinese products artificially inexpensive on
US store shelves, Beijing undervalues the yuan by 40 percent. It pirates
US technology, subsidizes exports and imposes high tariffs on imports.

#7 According to the New York Times, a Jeep Grand Cherokee that costs $27,490 in the United States costs about $85,000 in China thanks to all the tariffs.#8 The U.S. trade deficit with China during 2011 was 295.4 billion dollars. That was the largest trade deficit that one nation has had with another nation in the history of the world.#9 Back in 1985, our trade deficit with China was only about 6 million dollars (million with an "m") for the entire year.#10 U.S. consumers spend about 4 dollars
on goods and services from China for every one dollar that Chinese
consumers spend on goods and services from the United States.#11 The United States has actually lost an average of about 50,000 manufacturing jobs a month since China joined the World Trade Organization in 2001.#12 According to the Economic Policy Institute, America is losing about half a million jobs to China every single year.#13 The United States has lost more than 56,000 manufacturing facilities since 2001.#14 During 2010 alone, an average of 23 manufacturing facilities closed their doors in America every single day.#15 Since the auto industry bailout, approximately 70 percent of all GM vehicles have been built outside the United States.#16 As I have written about previously, 95 percent of the jobs lost during the last recession were middle class jobs.#17 According to Professor Alan Blinder of Princeton University, 40 million more U.S. jobs could be sent offshore over the next two decades if current trends continue.#18 The percentage of working age Americans that are employed right now is actually smaller than it was at the end of the last recession.#19 The average duration of unemployment in the United States is nearly three times as long as it was back in the year 2000.#20 Due in part to the globalization of the labor pool, only about 24 percent of all jobs in the United States are "good jobs" at this point.#21 Without enough good jobs, more Americans than ever before are falling into poverty. Today, more than 100 million Americans are on welfare.#22 In recent years the U.S. economy has embraced
"free trade" and the emerging one world economy like never before.
Instead of increasing the number of jobs in our economy, it has resulted
in the worst stretch of job creation in the United States in modern history....

If any single number captures the state of the
American economy over the last decade, it is zero. That was the net gain
in jobs between 1999 and 2009—nada, nil, zip. By painful contrast, from
the 1940s through the 1990s, recessions came and went, but no decade
ended without at least a 20 percent increase in the number of jobs.

At this point, more than 41 percent of all working age Americans do not have a job, and the vast majority of the new jobs that are being created are low paying jobs.

Median household income has fallen for four years in a row. In fact, median household income is down by more than $4000 since Barack Obama entered the White House.
One recent survey found that about 40 percent of all Americans have $500 or less in savings. We are a country that is full of broke people.

What we need are more good jobs. But Obama and Romney are both determined to keep shipping good jobs out of the country.

The path that we are on will only lead to disaster. Please wake up America.